An overview of the new energy materials markets and their price moves in the week to Friday September 17.Susan Zou, Yingchi Yang and...Read More
Trading activity in the import pig iron market in the United States slowed in the week ended Friday September 17, while the market remains firm, sources told Fastmarkets. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $530-540 per tonne on Friday, unchanged week on week."I have not seen any activity...Read More
Global scrap prices diverged in the week to Friday September 17, with the Asian and US scrap markets reporting gains, while Turkey tried to recover the previous weeks' losses in its most recent purchases.Turkish mills book handful of cargoesRecent cargoes see higher export prices on US marketVietnam prices jump on higher export ordersChinese scrap prices dip on winter pollution controlsTaiwan scra...Read More
Prices for shredded steel scrap imports into Pakistan erased gains made in the previous week on Friday September 17, while Indian scrap remained rangebound, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $526.91 per tonne on Friday September 17, down from$530.42 per tonne on September 10, erasing the gains m...Read More
Turkish steel mills continued to replenish their scrap stocks at the end of the week with another deep-sea booking, taking the total to six, market participants told Fastmarkets on Friday September 17.A steel mill in the Iskenderun region booked a Baltic Sea cargo late on Thursday September 16, consisting of 25,000 tonnes of heavy melting scrap 1&2 (80:20) at $439 per tonne and 5,000 tonnes of bon...Read More
Sentiment in the export pig iron market in the Commonwealth of Independent States improved during the week to Thursday September 16, with higher prices expected after suppliers sold large tonnages in late August and early September.Fastmarkets assessed the price of high-manganese pig iron, export, fob main port Black Sea, CIS at $490-505 per tonne on Thursday, narrowing upward by $15 from $475-505...Read More
Seaborne iron ore prices dropped further on Friday September 17 after more cities in northern China said that they would implement production restrictions in winter, sources have told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $101.95 per tonne, down by $5.26 per tonne62% Fe low-alumina fines, cfr Qingdao: $103.95 per tonne, down by $4.21 per tonne58% Fe fines high-grade pr...Read More
The premium hard coking coal fob price rose on Friday September 17 due to tight supply in the Australian spot market, sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $565.77 per tonne, up $5.01 per tonneHard coking coal, cfr Jingtang: $491.97 per tonne, up $5.04 per tonnePremium hard coking coal, fob DBCT: $379.34 per tonne, up $20.01 per tonneHard coking coal, fob DBCT: $3...Read More
Spot prices for hot-rolled coil in China resumed their decline on Friday September 17 after tighter production curbs failed to offset demand concerns.DomesticEastern China (Shanghai): 5,730-5,780 yuan ($888-896) per tonne, down by 50 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,700-5,740 yuan ($883-889) per tonne, down by 80-90 yuan per tonne A number of Chinese provinces, includi...Read More
The upward trend in China's domestic rebar prices came to an end on Friday September 17, mainly due to a drop in demand for replenishment stocks, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,580-5,620 yuan ($865-871) per tonne, unchangedNorthern China (Beijing) weekly assessment: 5,300-5,340 yuan per tonne, up by 50-60 yuan per tonneEnd-user demand in eastern China was stable on Fr...Read More
An overview of the aerospace materials markets and the latest price moves in the week to Friday September 17.Jessica Long, Ruby Liu and Carrie Shi in Shanghai, Fola Malomo,...Read More
China's domestic magnesium prices rose sharply in the week to Friday September 17 in response to notification of restricted operations at companies within the region that have both high energy consumption and high pollution output (Two Highs).The notice was issued by the Yulin Municipal Development and Reform Commission on September 13. The city of Yulin in Shaanxi province is the magnesium produc...Read More
Key data from Fastmarkets' pricing session in China on Friday September 17.Key drivers Silicon export prices have increased sharply, following higher domestic prices, due to limited output from silicon plants in China. The domestic silicon price rose to around 41,000 yuan ($6,358) per tonne in the second half of...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy grade, in-whs Rotterdam,...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 24.45-25.00 on...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More
Steelmakers in South Korea have been priced out of the deep-sea scrap market following deals by mills in Vietnam and Bangladesh over the past week, sources told Fastmarkets on Friday September 17.South Korean mills focus on domestic scrap marketJapan's Tokyo Steel raises scrap buying price for second time in three daysChina placing more cities under pollution-control measuresSouth KoreaMills in So...Read More
Growing congestion at southern California ports is disrupting loading and unloading activities, thereby restricting ferrous scrap shipments to Taiwan and further boosting prices, sources told Fastmarkets this week.Fastmarkets' daily price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $460 per tonne on Friday September 17, unchanged from T...Read More
Demand for ferrous scrap imports among Vietnamese steelmakers surged in the week to Friday September 17 amid healthy order books for billet exports.A 20,000-tonne bulk cargo of heavy melting scrap 1&2 (80:20) from the United States West Coast was sold at $505 per tonne cfr Vietnam to an induction furnace-based steelmaker on Monday, a few market sources told Fastmarkets.The cargo also includes 10,0...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 16 that are worth another look....Read More